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To: RICE who wrote (620)8/17/1999 11:53:00 AM
From: Glenn Petersen  Read Replies (2) | Respond to of 994
 
"NO DILUTION AND NO INCREASE IN OUTSTANDING SHARES"

How is that possible? Are they doing an equity or a debt offering? If they are doing an equity offering, there will be dilution. The important thing is for them not to do an equity offering with a floorless convertible.